"Revenue Management" Effects Related to Financial Flows Generated by Climate Policy
This paper discusses possible macroeconomic implications for low-income countries of increased revenue inflows that may follow from implementing certain global greenhouse gas mitigation policies. Such revenue sources include revenue from emissions...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090914153234 http://hdl.handle.net/10986/4245 |
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okr-10986-4245 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ABATEMENT ADAPTATION FINANCING AGRICULTURE AID EFFECTIVENESS ALLOCATION BALANCE OF PAYMENTS BENEFICIARY BOND BUYING POWER CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL INFLOW CAPITAL MARKET CAPITAL MARKET REGULATIONS CAPITAL MOBILITY CAPITAL STOCK CARBON PRICE CARBON TAX CARBON TRADING CASH TRANSFERS CENTRAL BANK CLEAN TECHNOLOGIES CLIMATE CLIMATE CHANGE CLIMATE CHANGE SCIENCE PROGRAM CLIMATE POLICY COMMODITY COMPETITIVENESS CORPORATE INVESTMENT CORPORATE TAX CORPORATE TAX RATES CORRUPTION COUNTRY RISK CREDIT WORTHINESS CURRENCY CURRENCY APPRECIATION DAMAGE FROM HURRICANES DAMAGES DEADWEIGHT LOSSES DEBT DEBT LEVEL DEFICIT SPENDING DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT PATHS DEVELOPMENT PROJECTS DIFFERENTIAL TAX TREATMENT DIRECT FOREIGN INVESTMENT DIRECT INVESTMENTS DISBURSEMENT DISBURSEMENTS DISCOUNT RATE DOMESTIC EXCHANGE DOMESTIC MARKET DOMESTIC PRODUCTION ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE EFFECT OF GOVERNANCE EMISSIONS EMISSIONS TRADING ENERGY EFFICIENCY ENVIRONMENTAL SUSTAINABILITY EXCHANGE RATE EXCHANGE RATE REGIME EXCHANGE RATES EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT SECTOR EXPORT SECTORS EXPORTS EXTERNAL FINANCING EXTERNAL FUNDS EXTREME WEATHER EXTREME WEATHER EVENTS FACTORS OF PRODUCTION FINANCIAL DEVELOPMENT FINANCIAL EXPOSURE FINANCIAL FLOWS FINANCIAL INFLOW FINANCIAL INFLOWS FINANCIAL TRANSACTIONS FINANCIAL TRANSFERS FINANCING NEED FINANCING NEEDS FINANCING REQUIREMENTS FISCAL POLICY FIXED EXCHANGE RATE FLEXIBLE EXCHANGE RATE FLEXIBLE EXCHANGE RATE REGIME FOOD PRICES FOOD PRODUCTION FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FUNDS FOREIGN INVESTMENT FORMAL ECONOMY GDP GDP PER CAPITA GLOBAL ECONOMY GOOD GOVERNANCE GOVERNANCE INDEX GOVERNANCE ISSUES GOVERNMENT BONDS GOVERNMENT BUDGET GOVERNMENT DEFICIT GOVERNMENT PURCHASES GOVERNMENT SPENDING GROWTH POTENTIAL GROWTH RATE GROWTH RATES HARMONIZATION HOST COUNTRY HOST ECONOMY HUMAN CAPITAL HURRICANE IMPORT SUBSTITUTION IMPORTS INCOME INCOME DISTRIBUTION INCOME TAXES INCOMES INEFFICIENCY INFLATION INFLATION RATE INFLATIONARY PRESSURE INFLATIONARY PRESSURES INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTEREST RATE INTEREST RATE POLICY INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CREDIT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL RESERVES INVENTORY INVESTING INVESTMENT FUNDS INVESTMENT PROJECTS LABOR PRODUCTIVITY LEVY LIABILITY LIQUIDITY LOSS OF REVENUE LOW-INCOME COUNTRIES LOW-INCOME COUNTRY MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MACROECONOMICS MARGINAL COST MARKET ECONOMY MARKET FINANCE MARKET TRADING MONETARY AUTHORITIES MONETARY POLICY MONEY MARKET MONEY SUPPLY NATURAL RESOURCE NATURAL RESOURCES NEGATIVE INCOME SHOCKS OPEN MARKET OPEN MARKET ECONOMY OUTPUT OUTPUT PER CAPITA OUTSIDE ASSISTANCE POLICY RESPONSE POLITICAL ECONOMY POLITICAL STABILITY POSITIVE EFFECTS PROFIT MOTIVE PROFIT SEEKING PUBLIC FUNDS PUBLIC SPENDING RATE OF UNEMPLOYMENT REAL EXCHANGE RATE RELATIVE PRICE REMITTANCE REMITTANCES RENEWABLE ENERGY RENT SEEKING RESERVES RETURN RETURNS RULE OF LAW SAVINGS SAVINGS RATE SAVINGS RATES SECONDARY TRADING SECONDARY-MARKET SOURCE OF FUNDS STRUCTURAL PROBLEM SWAP TAX TAX BURDEN TAX POLICIES TAX POLICY TAX RATE TAX RATES TAXATION TECHNICAL ASSISTANCE TECHNOLOGY TRANSFERS TRADING TRADING VALUE TRADING VOLUMES TRANSACTION TRANSACTION COST TRANSITION ECONOMIES TRANSPARENCY TREASURY TREASURY BILLS TREATIES UNCERTAINTIES |
| spellingShingle |
ABATEMENT ADAPTATION FINANCING AGRICULTURE AID EFFECTIVENESS ALLOCATION BALANCE OF PAYMENTS BENEFICIARY BOND BUYING POWER CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL INFLOW CAPITAL MARKET CAPITAL MARKET REGULATIONS CAPITAL MOBILITY CAPITAL STOCK CARBON PRICE CARBON TAX CARBON TRADING CASH TRANSFERS CENTRAL BANK CLEAN TECHNOLOGIES CLIMATE CLIMATE CHANGE CLIMATE CHANGE SCIENCE PROGRAM CLIMATE POLICY COMMODITY COMPETITIVENESS CORPORATE INVESTMENT CORPORATE TAX CORPORATE TAX RATES CORRUPTION COUNTRY RISK CREDIT WORTHINESS CURRENCY CURRENCY APPRECIATION DAMAGE FROM HURRICANES DAMAGES DEADWEIGHT LOSSES DEBT DEBT LEVEL DEFICIT SPENDING DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT PATHS DEVELOPMENT PROJECTS DIFFERENTIAL TAX TREATMENT DIRECT FOREIGN INVESTMENT DIRECT INVESTMENTS DISBURSEMENT DISBURSEMENTS DISCOUNT RATE DOMESTIC EXCHANGE DOMESTIC MARKET DOMESTIC PRODUCTION ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE EFFECT OF GOVERNANCE EMISSIONS EMISSIONS TRADING ENERGY EFFICIENCY ENVIRONMENTAL SUSTAINABILITY EXCHANGE RATE EXCHANGE RATE REGIME EXCHANGE RATES EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT SECTOR EXPORT SECTORS EXPORTS EXTERNAL FINANCING EXTERNAL FUNDS EXTREME WEATHER EXTREME WEATHER EVENTS FACTORS OF PRODUCTION FINANCIAL DEVELOPMENT FINANCIAL EXPOSURE FINANCIAL FLOWS FINANCIAL INFLOW FINANCIAL INFLOWS FINANCIAL TRANSACTIONS FINANCIAL TRANSFERS FINANCING NEED FINANCING NEEDS FINANCING REQUIREMENTS FISCAL POLICY FIXED EXCHANGE RATE FLEXIBLE EXCHANGE RATE FLEXIBLE EXCHANGE RATE REGIME FOOD PRICES FOOD PRODUCTION FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FUNDS FOREIGN INVESTMENT FORMAL ECONOMY GDP GDP PER CAPITA GLOBAL ECONOMY GOOD GOVERNANCE GOVERNANCE INDEX GOVERNANCE ISSUES GOVERNMENT BONDS GOVERNMENT BUDGET GOVERNMENT DEFICIT GOVERNMENT PURCHASES GOVERNMENT SPENDING GROWTH POTENTIAL GROWTH RATE GROWTH RATES HARMONIZATION HOST COUNTRY HOST ECONOMY HUMAN CAPITAL HURRICANE IMPORT SUBSTITUTION IMPORTS INCOME INCOME DISTRIBUTION INCOME TAXES INCOMES INEFFICIENCY INFLATION INFLATION RATE INFLATIONARY PRESSURE INFLATIONARY PRESSURES INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTEREST RATE INTEREST RATE POLICY INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CREDIT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL RESERVES INVENTORY INVESTING INVESTMENT FUNDS INVESTMENT PROJECTS LABOR PRODUCTIVITY LEVY LIABILITY LIQUIDITY LOSS OF REVENUE LOW-INCOME COUNTRIES LOW-INCOME COUNTRY MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MACROECONOMICS MARGINAL COST MARKET ECONOMY MARKET FINANCE MARKET TRADING MONETARY AUTHORITIES MONETARY POLICY MONEY MARKET MONEY SUPPLY NATURAL RESOURCE NATURAL RESOURCES NEGATIVE INCOME SHOCKS OPEN MARKET OPEN MARKET ECONOMY OUTPUT OUTPUT PER CAPITA OUTSIDE ASSISTANCE POLICY RESPONSE POLITICAL ECONOMY POLITICAL STABILITY POSITIVE EFFECTS PROFIT MOTIVE PROFIT SEEKING PUBLIC FUNDS PUBLIC SPENDING RATE OF UNEMPLOYMENT REAL EXCHANGE RATE RELATIVE PRICE REMITTANCE REMITTANCES RENEWABLE ENERGY RENT SEEKING RESERVES RETURN RETURNS RULE OF LAW SAVINGS SAVINGS RATE SAVINGS RATES SECONDARY TRADING SECONDARY-MARKET SOURCE OF FUNDS STRUCTURAL PROBLEM SWAP TAX TAX BURDEN TAX POLICIES TAX POLICY TAX RATE TAX RATES TAXATION TECHNICAL ASSISTANCE TECHNOLOGY TRANSFERS TRADING TRADING VALUE TRADING VOLUMES TRANSACTION TRANSACTION COST TRANSITION ECONOMIES TRANSPARENCY TREASURY TREASURY BILLS TREATIES UNCERTAINTIES Strand, Jon "Revenue Management" Effects Related to Financial Flows Generated by Climate Policy |
| relation |
Policy Research Working Paper; No. 5053 |
| description |
This paper discusses possible
macroeconomic implications for low-income countries of
increased revenue inflows that may follow from implementing
certain global greenhouse gas mitigation policies. Such
revenue sources include revenue from emissions offset
mechanisms, direct investments, and financial transfers that
form parts of possible future mitigation treaties. In the
short run such revenue will come mainly from offset markets
and donor-sponsored programs, with some additional financial
inflows due to foreign direct investments. In the longer
run, comprehensive global cap-and-trade or carbon tax
schemes could provide a potentially much larger revenue flow
to many low-income countries. The author argues that the
macroeconomic implications of such flows are manageable in
the short run, but the larger revenues resulting from global
emissions schemes could overwhelm this capacity and lead to
a number of potential macroeconomic management problems. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Strand, Jon |
| author_facet |
Strand, Jon |
| author_sort |
Strand, Jon |
| title |
"Revenue Management" Effects Related to Financial Flows Generated by Climate Policy |
| title_short |
"Revenue Management" Effects Related to Financial Flows Generated by Climate Policy |
| title_full |
"Revenue Management" Effects Related to Financial Flows Generated by Climate Policy |
| title_fullStr |
"Revenue Management" Effects Related to Financial Flows Generated by Climate Policy |
| title_full_unstemmed |
"Revenue Management" Effects Related to Financial Flows Generated by Climate Policy |
| title_sort |
"revenue management" effects related to financial flows generated by climate policy |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090914153234 http://hdl.handle.net/10986/4245 |
| _version_ |
1764390574630109184 |
| spelling |
okr-10986-42452021-04-23T14:02:16Z "Revenue Management" Effects Related to Financial Flows Generated by Climate Policy Strand, Jon ABATEMENT ADAPTATION FINANCING AGRICULTURE AID EFFECTIVENESS ALLOCATION BALANCE OF PAYMENTS BENEFICIARY BOND BUYING POWER CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL INFLOW CAPITAL MARKET CAPITAL MARKET REGULATIONS CAPITAL MOBILITY CAPITAL STOCK CARBON PRICE CARBON TAX CARBON TRADING CASH TRANSFERS CENTRAL BANK CLEAN TECHNOLOGIES CLIMATE CLIMATE CHANGE CLIMATE CHANGE SCIENCE PROGRAM CLIMATE POLICY COMMODITY COMPETITIVENESS CORPORATE INVESTMENT CORPORATE TAX CORPORATE TAX RATES CORRUPTION COUNTRY RISK CREDIT WORTHINESS CURRENCY CURRENCY APPRECIATION DAMAGE FROM HURRICANES DAMAGES DEADWEIGHT LOSSES DEBT DEBT LEVEL DEFICIT SPENDING DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT PATHS DEVELOPMENT PROJECTS DIFFERENTIAL TAX TREATMENT DIRECT FOREIGN INVESTMENT DIRECT INVESTMENTS DISBURSEMENT DISBURSEMENTS DISCOUNT RATE DOMESTIC EXCHANGE DOMESTIC MARKET DOMESTIC PRODUCTION ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE EFFECT OF GOVERNANCE EMISSIONS EMISSIONS TRADING ENERGY EFFICIENCY ENVIRONMENTAL SUSTAINABILITY EXCHANGE RATE EXCHANGE RATE REGIME EXCHANGE RATES EXCISE TAXES EXPENDITURE EXPENDITURES EXPORT SECTOR EXPORT SECTORS EXPORTS EXTERNAL FINANCING EXTERNAL FUNDS EXTREME WEATHER EXTREME WEATHER EVENTS FACTORS OF PRODUCTION FINANCIAL DEVELOPMENT FINANCIAL EXPOSURE FINANCIAL FLOWS FINANCIAL INFLOW FINANCIAL INFLOWS FINANCIAL TRANSACTIONS FINANCIAL TRANSFERS FINANCING NEED FINANCING NEEDS FINANCING REQUIREMENTS FISCAL POLICY FIXED EXCHANGE RATE FLEXIBLE EXCHANGE RATE FLEXIBLE EXCHANGE RATE REGIME FOOD PRICES FOOD PRODUCTION FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN FUNDS FOREIGN INVESTMENT FORMAL ECONOMY GDP GDP PER CAPITA GLOBAL ECONOMY GOOD GOVERNANCE GOVERNANCE INDEX GOVERNANCE ISSUES GOVERNMENT BONDS GOVERNMENT BUDGET GOVERNMENT DEFICIT GOVERNMENT PURCHASES GOVERNMENT SPENDING GROWTH POTENTIAL GROWTH RATE GROWTH RATES HARMONIZATION HOST COUNTRY HOST ECONOMY HUMAN CAPITAL HURRICANE IMPORT SUBSTITUTION IMPORTS INCOME INCOME DISTRIBUTION INCOME TAXES INCOMES INEFFICIENCY INFLATION INFLATION RATE INFLATIONARY PRESSURE INFLATIONARY PRESSURES INFRASTRUCTURE INVESTMENTS INSTITUTIONAL CAPACITY INSTRUMENT INSURANCE INTEREST RATE INTEREST RATE POLICY INTEREST RATES INTERNATIONAL BANK INTERNATIONAL CREDIT INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL RESERVES INVENTORY INVESTING INVESTMENT FUNDS INVESTMENT PROJECTS LABOR PRODUCTIVITY LEVY LIABILITY LIQUIDITY LOSS OF REVENUE LOW-INCOME COUNTRIES LOW-INCOME COUNTRY MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MACROECONOMICS MARGINAL COST MARKET ECONOMY MARKET FINANCE MARKET TRADING MONETARY AUTHORITIES MONETARY POLICY MONEY MARKET MONEY SUPPLY NATURAL RESOURCE NATURAL RESOURCES NEGATIVE INCOME SHOCKS OPEN MARKET OPEN MARKET ECONOMY OUTPUT OUTPUT PER CAPITA OUTSIDE ASSISTANCE POLICY RESPONSE POLITICAL ECONOMY POLITICAL STABILITY POSITIVE EFFECTS PROFIT MOTIVE PROFIT SEEKING PUBLIC FUNDS PUBLIC SPENDING RATE OF UNEMPLOYMENT REAL EXCHANGE RATE RELATIVE PRICE REMITTANCE REMITTANCES RENEWABLE ENERGY RENT SEEKING RESERVES RETURN RETURNS RULE OF LAW SAVINGS SAVINGS RATE SAVINGS RATES SECONDARY TRADING SECONDARY-MARKET SOURCE OF FUNDS STRUCTURAL PROBLEM SWAP TAX TAX BURDEN TAX POLICIES TAX POLICY TAX RATE TAX RATES TAXATION TECHNICAL ASSISTANCE TECHNOLOGY TRANSFERS TRADING TRADING VALUE TRADING VOLUMES TRANSACTION TRANSACTION COST TRANSITION ECONOMIES TRANSPARENCY TREASURY TREASURY BILLS TREATIES UNCERTAINTIES This paper discusses possible macroeconomic implications for low-income countries of increased revenue inflows that may follow from implementing certain global greenhouse gas mitigation policies. Such revenue sources include revenue from emissions offset mechanisms, direct investments, and financial transfers that form parts of possible future mitigation treaties. In the short run such revenue will come mainly from offset markets and donor-sponsored programs, with some additional financial inflows due to foreign direct investments. In the longer run, comprehensive global cap-and-trade or carbon tax schemes could provide a potentially much larger revenue flow to many low-income countries. The author argues that the macroeconomic implications of such flows are manageable in the short run, but the larger revenues resulting from global emissions schemes could overwhelm this capacity and lead to a number of potential macroeconomic management problems. 2012-03-19T19:12:30Z 2012-03-19T19:12:30Z 2009-09 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090914153234 http://hdl.handle.net/10986/4245 English Policy Research Working Paper; No. 5053 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper |